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Legato Names New Executive Vice President of Worldwide Sales

Business Wire, Jan 8, 2001

Business Editors

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 8, 2001

Industry Veteran to Head Global Sales and International Market

Development Teams

Legato Systems, Inc. (Nasdaq:LGTO), a worldwide leader in enterprise storage management software, today announced the appointment of David L. Beamer as the company's new executive vice president of worldwide sales.

Prior to joining the Legato executive team, Beamer was president and chief operating officer of Filetek Corporation of Rockville, Maryland, a privately held software and systems integration company.

"David brings a wealth of domestic and international experience to this position. His technological expertise along with his proven track record of recruiting and motivating sales people is a valuable asset for us," said David B. Wright, president and chief executive officer of Legato Systems, Inc. "We welcome David to the Legato executive team."

Prior to Filetek Corporation, Beamer was a corporate officer of Amdahl Corporation for six years and held various senior management positions there and with IBM. Beamer holds a BS in Electrical Engineering and an MBA in Marketing and Finance from Ohio State University.

"The opportunity at Legato is very compelling," stated David Beamer, executive vice president of worldwide sales at Legato Systems, Inc. "With an attractive product portfolio, and a focus on service and support, Legato is poised to gain market share. I look forward to participating in our future."

About Legato

Legato Systems, Inc. (Nasdaq:LGTO) is a worldwide leader in enterprise storage management. Helping companies leverage business-critical, corporate data assets, Legato's products and services enable information continuance, a seamless approach to the movement, management and protection of data throughout an enterprise. Founded in 1988, Legato serves Fortune 1000 companies and has become the recognized industry standard for storage management software products, current shipping to 30 of the 50 Fortune "e-50" top businesses. Legato is a founding member of the Storage Networking Industry Association.

Note to Editors: Legato Systems, Inc., Legato, the Legato logo design, NetWorker, Octopus, SmartMedia and BudTool are registered trademarks; Celestra, Co-Standby Server, GEMS and StandbyServer are trademarks; and SAN Academy is a servicemark of Legato Systems, Inc. All other brand names may be trademarks of their respective owners.

Forward Looking Statement

This press release contains forward-looking statements about the Company's operations and prospects, its ability to build a recurring revenue stream and its expectations for fiscal year 2001 and future periods. These forward looking statements involve a number of risks and uncertainties that could cause the Company's actual results to differ materially. Factors that might cause such a difference include, but are not limited to, demand for the Company's products, customers' acceptance of terms that result in deferred revenue, integration of new executives and employees, unexpected fluctuations in quarterly operating results, product concentration, competition from other companies, employee attrition, rapid technological change, and negative reactions of potential customers to the Company's restated fiscal results for 1999. For a more detailed discussion of these factors, interested parties should review the "Risk Factors" listed in the Company's Form 10-K for fiscal 1999 and the Form 10-Qs for the first, second and third quarters of fiscal 2000, which are on file with the U.S. Securities and Exchange Commission. The forward looking statements in this press release reflect the Company's beliefs and predictions as of January 8, 2001. The Company disclaims any obligation to update these forward-looking statements as a result of financial, business or any other developments occurring after January 8, 2001.

COPYRIGHT 2001 Business Wire
COPYRIGHT 2001 Gale Group
 

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